0001193805-11-000422 Sample Contracts

AMENDMENT NO. 1 TO DEPOSIT AGREEMENT
Deposit Agreement • March 3rd, 2011 • JPMorgan Chase Bank, N.A. - ADR Depositary • Telephone communications (no radiotelephone)

AMENDMENT NO. 1 dated as of March , 2011 (the "Amendment") to the Second Amended and Restated Deposit Agreement dated as of January 5, 2010 (the "Deposit Agreement") among OJSC ROSTELECOM, incorporated under the laws of the Russian Federation (herein called the "Company"), JPMORGAN CHASE BANK, N.A., a national banking association organized under the laws of the United States (herein called the "Depositary"), and all Owners and Beneficial Owners from time to time of American Depositary Receipts issued thereunder.

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